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The company, which operates with power brands in Indian markets, including Coca Cola, Thums Up, Limca, Sprite, Maaza and Minute Maid, is part of Atlanta-based US beverages major The Coca-Cola Company.

Based on further feedback received from stakeholders, it has been decided that the rule will be applicable with effect from May 1, 2023, the regulator said in a circular.

During the quarter, total revenue increased by 16% year-on-year to Rs 2,596 crore from Rs 2,237 crore in the year-ago period

The Nasdaq Composite dropped 26.47 points, or 0.25%, to 10,766.20 at the opening bell.

The stock fell as much as 12% after the e-commerce giant projected the slowest holiday-quarter growth in the company’s history, while sales at its important web services business missed estimates.

"Profit After Tax for Q2 was impacted adversely by a non-cash charge of unamortised front-end fees of a loan repaid during the quarter and an adjustment to deferred taxes. This will even out for the full year," the company said in its earning statement.

During the September quarter, it made an investment of Rs 20 crore in its wholly owned subsidiary Satin Housing Finance by subscribing to 67 lakh equity shares of the company at Rs 29.85 per share, offered on rights basis, it added.

Meta was set to lose about $78 billion in market value, if losses hold to the end of the session, adding to the trillions of dollars that some of the biggest tech names have shed this year amid rising interest rates and a stronger dollar.

Nifty has been trading near the 78.6% retracement of the entire September decline. The key Fibonacci level is near 17800. The hourly chart shows that the index is in process of forming a distribution near this key hurdle. The hourly momentum indicator has developed a negative divergence, which is a sign of exhaustion, said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.

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